Ethereum

bullish

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The price of the cryptocurrency market's largest altcoin,&nbsp;<a href="https://u.today/vitalik-buterin-spotlights-game-changing-feature-on-optimism" rel="noopener noreferrer nofollow">Ethereum (ETH)</a>, seems to be coming back to life today after a period of disappointing performance. It is worth noting that this disappointment is not with Ethereum itself, which still correlates with the general market, but rather with expectations of market participants. But first things first.
Today so far, the price of Ethereum has risen by more than 1.2%, with most of the increase taking place in the last few hours.&nbsp;
But why? The reason may be in&nbsp;<a href="https://u.today/vitalik-buterin-spotlights-game-changing-feature-on-optimism" rel="noopener noreferrer nofollow">Vitalik Buterin</a>, the visionary creator behind Ethereum, who once again appeared on the timeline of X (formerly Twitter), issuing a new "bull post."
<blockquote>
 <a href="https://t.co/fdgpb0gf6X" rel="noopener noreferrer nofollow">pic.twitter.com/fdgpb0gf6X</a>— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1843263805830365380?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 7, 2024</a>
</blockquote>
As a result, the price of Ethereum briefly spiked to $2,476, where it has since seen a corrective sell-off. This may not seem like much, but the altcoin's dominance also skyrocketed during the day and now stands at 13.86%, so the impact is definitely there. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="a4079e9d-20da-4943-b1c8-cfba0aa9110e" src="https://u.today/sites/default/files/inline-images/ethusd_21.png">ETH to USD by <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
<h2 dir="ltr" id="ethereum-is-good">"Ethereum is good"</h2>
<a href="https://x.com/VitalikButerin/status/1843263805830365380?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1843263805830365380%7Ctwgr%5E0dd6b47f7f57279aea8984fa376facb0967d0cb4%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Furl%3Dhttps%3A%2F%2Ftwitter.com%2FVitalikButerin%2Fstatus%2F1843263805830365380" rel="noopener noreferrer nofollow">The post</a> is another ironic response from Buterin to community members' requests to post something bullish about the altcoin.&nbsp;
In recent months, the team responsible for the development of Ethereum faced criticism as the performance of ETH was disappointing compared to Bitcoin and&nbsp;<a href="https://u.today/solana-founder-reveals-secret-behind-meme-coin-success" rel="noopener noreferrer nofollow">Solana</a>, and this formed major demand from, first of all, Buterin, to fuel the quotes with something bullish.
Buterin did so, but in his own way, and started posting artificial intelligence-generated images, usually showing cartoon bulls with "Ethereum is good" signs.
The latest post is another iteration of such, and if at first it seemed a bit out of context, now you can see that the price actually reacts to such unconventional "bullposting."

Ethereum Price Shows Sign of Life After 'Bull Post' From Vitalik Buterin

Table of Contents

U_Today

Other articles published on Oct 7, 2024

Shiba Inu ETF To Go Live Before DOGE? Wall Street Experts Spark Speculation

Sekuya Web3 Update: September 2024

Altcoin Season May Not Be Over Yet, Says Analyst Burak Kesmeci

Cutoshi (CUTO) Raises Over $280K In Days Of Presale Launch! Is This The Next DOGE Or PEPE?

Australian Police Seize $9.3M in Cryptocurrency, Deal Major Blow to Crime Networks

Qubetics Empowers Users with dVPN, Boosts Privacy and Freedom as Quant and Theta Surge

Join our free newsletter for daily crypto updates!